Payments Blog

The Merchant Advisory Group’s Mid-Year Conference, set to take place from February 25-27 in Ft. Lauderdale, is inching closer. In just two short weeks, members of the digital payments community will convene to discuss the latest trends in this industry, the impact they’re having and how best to deal with them.

With the holidays fast-approaching, the digital commerce community should expect another record-setting season. Merchants will likely see an uptick in sales opportunities, however, they are also at risk of losing revenue, because of fraudulent credit card transactions during the busy holiday months.

There’s never a dull moment in the digital commerce world and, on top of that, this is one of the most exciting times to be a player in this space. Throughout the last several years, both online merchants and banks have shown a consistent commitment to innovation in the name of providing a better experience for the consumer.

Everyone in the world has ideas and dreams. For most startup companies, everything started with an idea for a business, and an idea for how that business would operate in its industry. Life at the beginning can be extremely difficult, and can make any business owner question their decision to follow their dream. Former heavyweight boxing champ Mike Tyson summed it up best when he said, “everyone has a plan ‘till they get punched in the mouth.”

Today, in the digital commerce world, consumers have a lot of options. If they like a certain merchant’s products but were treated poorly by that merchant, they will likely find another company to fill the void for them. For merchants, developing and maintaining brand loyalty is becoming harder, but it will always be immensely important.